CURRENCY AND FOREX TRADING
OPEN FREE DEMAT ACCOUNT AND START TRADING IN 15 MINUTES
Trade Forex with Most Popular Shares, Indices, and Commodity The increase in global trade and foreign investment has led to the interconnection of various national economies. This has led to fluctuating exchange rates creating a huge international market for Forex, thus creating an exciting avenue for trading. At Real Guru, we offer the unmatched potential for global forex trading through our intuitive platform. We also provide forex education to help you get started with forex trading.
PRODUCT SPECIFICATION
| Underlying | Rate Of Exchange Between 1 USD & INR |
| Pair | USD/INR, EUR/INR, GBP/INR, JPY/INR |
| Contract Months | 12 Consecutive Calendar Months I.E. A View Up To 1 Year In Future Can Be Taken |
| Expiration Date And Time / Last Trading Day & Time | At 12:30 Noon, Two Working Days Prior To The Last Mumbai Interbank Settlement Day Of The Month |
| Min Price Fluctuation / Tick Size | 0.25 Paise Or INR 0.0025 |
| Settlement Daily Interim MTM Settlement Final Settlement | Cash Settled In INR Based On Daily Closing Price Of The Contract Based On LTDs RBI Reference Rate |
| Margin Required For 1 Lot USD/INR | 1.75% On The First Day & 1% Thereafter |
| Market Timings | 9:00 AM To 5:00 PM |
HOW YOU CAN BENEFIT FROM FOREX
- Low Commission
- No Middlemen
- Standardized Lot Size
- Transaction Costs as low as 0.07%
- High Liquidity
- Instant Transactions
- Low Margin, High Leverage
- Online Access
- Interbank Market
- Self-regulatory
- No Insider Trading
- Limited Regulation
CURRENCY TRADING FAQS
Forex is an abbreviation for Foreign Exchange Market and is also referred to as FX or currency
trading. It is the largest and most liquid financial market in the world. Trading in forex involves
buying and selling the currency which is usually traded in pairs. Trading in the forex market is
done through a broker, or dealer.
Contracts can trade from 9:00 am to 5:00 pm, Monday to Friday.
Forex market trading is done by exchanging currencies as buying one currency and selling
another. Also, the forex market has given abbreviations to currency pairs, for example, the euro
and the US dollar is abbreviated as EUR/USD or the British pound and the Japanese yen as
GBP/JPY.
Forex trading is done in specific amounts called lots and the standard size for USD-INR is 1000
dollars, EUR-INR is 1000 euros, GBP-INR is 1000 GBP, and for JPY-INR is 1,00,000 JPY.
The contract shall expire 2 days before the last working day of the month.
Contracts are quoted and traded in foreign currency, however, the settlement is done in cash in
INR only. The profit or loss in foreign currency is converted to INR using an applicable RBI rate
for the day.
No, you don’t need to have a Demat account for currency trading.
Commodities
Commodities market open up new avenues for investors to create wealth.
Derivatives
It is a highly lucrative market that allows investors to earn exceptional profits.
Currency Trading
Investing in the forex or stock market is one of the best routes to long-term wealth creation.